So far from the March goup of “z Stocks” there have been three stocks that have reached, or are about to reach “Two-Bagger” status, having doubled their share price since reporting earnings. The stocks are all small cap, what I would term “Penny Stocks”. These stocks with a small share price can often pop BIG when they deliver some excellent earnings. For March 2010 we have:
Even this early in April we already have one stock that is closing in on a double of their share price. Actually they have more than doubled their share price if you include earnings day action. That “z Stock” is:
You know ABK’s share price was once up in the $90′s not to long ago. But that was before they started showing losses of $6 to $9 per share in their earnings reports. At the most recent eanings report they reported earnings of $1.93 per share when their share price was at $1.10 and was actually about $.70 per share early in the day.
I’m sure there will be more of these Penny Stocks that were once big name stocks, trading above $10 per share. You just have to watch for them.
Signup now for a FREE acccess to StockRagGold posts and pages. Earnings reports will start flooding in now. AA – Alcoa is one of the first big companies reporting this quarter.
